The hits kept on coming for soybeans overnight. Futures jumped to double digit gains on follow-through buying after surging higher Thursday due to bullish USDA acreage estimates. Corn and wheat also posted gains overnight, though ethanol prices weakened following China’s imposition of an additional 15% retaliatory tariff on U.S. imports. Forecasts for April look cool and wet, which could mean a slow start to planting this spring.

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Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.